ICICI Prudential Asset Management Company, India’s largest active mutual fund manager is preparing for a profile entry into the stock market. The company, which has been managing money for Indian investors for more than three decades, will launch its Rs 10,602 crore offer for sale on December 12.
With several large asset management companies already trading on the exchanges, all eyes are now on how this newest entrant will position itself in a crowded and competitive industry.
Let’s take a look at seven important details before the IPO opens –
ICICI Prudential AMC IPO: A big IPO, but entirely an offer for sale
The Rs 10,602.65 crore issue is purely an offer for sale, meaning the company itself will not receive any funds. Instead, the money will go to the promoter selling shareholder after adjusting costs and taxes. The sale includes more than 4.89 crore shares, each with a face value of Rs 1.
The company has set a price band of Rs 2,061 to Rs 2,165 per share.
ICICI Prudential AMC IPO: Who is selling the shares?
The shares in the issue are being offloaded by Prudential Corporation Holdings, one of the two promoters of ICICI Prudential AMC. The other promoter is ICICI Bank Limited, which holds 51% of the company’s equity.
ICICI Prudential AMC IPO: The leadership team
ICICI Prudential AMC’s board includes a mix of executive members, nominee directors and independent directors.
The firm is chaired by Sandeep Batra, while Nimesh Vipinbabu Shah serves as Managing Director and Chief Executive Officer.
ICICI Prudential AMC IPO: A business with three decades of history
With a 30-year track record in India’s mutual fund space, ICICI Prudential AMC today ranks as the largest active mutual fund manager by quarterly-average assets under management.
As of September 30, 2025, its mutual fund assets stood at Rs 10.14 lakh crore. This gives it a 13.3% market share in the active fund category.
ICICI Prudential AMC IPO: Financial performance
Its profit climbed from Rs 1,515 crore in FY23 to Rs 2,049 crore in FY24, and further to Rs 2,650 crore in FY25.
For the first half of FY26 alone, it reported Rs 1,617 crore in profit.
Revenue has shown similar momentum, increasing from Rs 2,837 crore in FY23 to Rs 4,977 crore in FY25. In the first six months of FY26, revenue from operations reached Rs 2,949 crore.
ICICI Prudential AMC IPO: A sector with strong listed competition
The company enters a market that already features several well-known players. Its listed competitors include HDFC Asset Management Company, Nippon Life India Asset Management, UTI Asset Management Company, Aditya Birla Sun Life AMC, and Canara Robeco AMC.
ICICI Prudential AMC IPO: Group companies
The company is part of the larger ICICI Group. This is the fifth IPO from the Group and the 1st one simce the listing of the ICICI Securities in 2020.
-ICICI Securities raised Rs 4,017 crore via IPO in 2020; the issue was subscribed about 3.56x and listed at 36% premium
–ICICI Lombard made its D’Street debut in 2017 and raised Rs 5,700 crore through OFS.
–ICICI Prudential Life Insurance listed in 2016 and had raised Rs 6,000 crore via OFS
–ICICI Bank made its Dalal Street debut way back in 2004. One of the largest bank IPOs of those days, it had raised Rs 3,050 via the IPO.
Its group companies include ICICI Lombard General Insurance, ICICI Prudential Life Insurance, ICICI Securities, ICICI Venture Funds Management, and others.
